The financial terms of the deal will total $477 million, with the city of Sacramento promising $223 million of that amount in a public subsidy for the project. The Kings will be responsible for the remaining $254 million investment.

"We have something that's not just great for our fans and for the city, (but) for basketball staff as well," Granger said. "We really want this to be something that allows us to recruit players to Sacramento."

One thing that's not finalized is the future of digital billboard advertising surrounding the new arena.

"It's still unclear," Granger said. "Signage is obviously important to a sports team in terms of how they have the ability to promote their partners. It's something we're still working on, quite honestly."

The World Anti-Doping Agency (WADA) said Sunday it was "very alarmed" by reports of widespread doping by track and field athletes in major competitions including the Olympic Games and world championships.